Quotation Notice – Heartland Bank Ltd Notes (“HBL010”)

QUOTATION NOTICE: NZX DEBT MARKET HEARTLAND BANK LIMITED ("HBL010") FIXED RATE NOTES Company: Heartland Bank Limited ("HBL") Security Code: HBL010 ISIN: NZHBLD0010L3 Details of Issue: An offer of $150 million unsecured, unsubordinated, medium term fixed rate notes Opening Date: 30 August 2017 Closing Date: 3pm, 18 September 2017 Interest Rate: 4.50% per annum Maturity Date: 21 September 2022 Interest Payment Dates: 21 March, and 21 September of each year up to and including the Maturity Date Date of First Interest Payment: 21 March 2018 First Interest Paid To: Holder on Record Date Record Date: 10 calendar days prior to the relevant payment date or, if that date is not a business day, the immediately preceding business day Minimum Application Amount: $5,000 and in multiples of $1,000 thereafter Minimum Holding: $5,000 Face Value: $1.00 per Note Organising Participant: Bank of New Zealand Arranger: Bank of New Zealand Joint Lead Managers: Bank of New Zealand, Deutsche Craigs Limited Commonwealth Bank of Australia (acting through its New Zealand branch), Westpac Banking Corporation (acting through its New Zealand branch) Deed Poll Dated: 18 August 2017, taken together with the Supplemental Deed for the Notes dated 18 August 2017 Issue Date: 21 September 2017 Registrar: Link Market Services Limited Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: 22 September 2017 Mark Peterson Chief Executive Officer NZX Limited 30 August 2017 End CA:00306430 For:NZXR Type:OFFER Time:2017-08-30 15:34:29